S&P 500 Trade
Techincal based on former bars pattern, could see further selling pressure down to 3700-3600 level.
Fundementals remain bad, no accommodation from the FED and stop from the easy monetary policy. Fading the rallies until Jerome Powell changes his hawkish stance. Tech struggling and major market leaders are plunging 10-20% on a daily basis. Snap plunging 30% after hours yesterday. and with Netflix and other stocks down big from their ATH.
This is not financial advise!
Techincal based on former bars pattern, could see further selling pressure down to 3700-3600 level.
Fundementals remain bad, no accommodation from the FED and stop from the easy monetary policy. Fading the rallies until Jerome Powell changes his hawkish stance. Tech struggling and major market leaders are plunging 10-20% on a daily basis. Snap plunging 30% after hours yesterday. and with Netflix and other stocks down big from their ATH.
This is not financial advise!
Comment:
Invalidated, still at major resistance
